Eric Smith

Arrow Electronics Inc. (NYSE: ARW), Centennial, Colorado, on Monday announced that Sean J. Kerins has been named the company’s COO. He will continue to report to Michael J. Long, chairman, president and CEO. Previously, Mr. Kerins served as president of Arrow’s global enterprise computing solutions business since 2014. Prior to that, he was president of […]

PPG (NYSE: PPG), Pittsburgh, Pennsylvania, announced that it has completed its acquisition of Ennis-Flint for $1.2 billion. The addition of Ennis-Flint, announced in late November, gives PPG expertise in pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The post PPG Completes Acquisition of Ennis-Flint appeared first on Modern Distribution Management.

Like everything else in the world, the M&A landscape was upended in 2020 due to the coronavirus. When COVID-19 began disrupting the economy back in March, deals were delayed or scrapped altogether, creating a months-long lull as companies focused solely on their own operations. But activity picked up beginning at the end of the second […]

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Now may be the perfect time to build and implement a new sales compensation plan, according to Mike Emerson of Indian River Consulting Group. As he explained to attendees of MDM’s […]

Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, on Wednesday announced it has agreed to acquire Jennings Builders Supply & Hardware, a building products dealer with four locations in western North Carolina. Financial terms of the deal, which is expected to close by the end of the year, weren’t disclosed. Founded in […]

New orders for manufactured durable goods in November increased $2.2 billion, or 0.9%, to $244.2 billion, according to the U.S. Census Bureau. This increase, up seven consecutive months, followed a 1.8% October increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new orders increased 0.7%. Transportation equipment, up six of the last seven months, led […]

Würth Industry North America (WINA), Indianapolis, Indiana, announced that Würth Action Bolt and Tool, a 36-year-old distributor of construction and industrial fasteners, will join its new construction services division, Würth Construction Services. Würth Action Bolt and Tool has been a member of the Würth Group since 1999 and was previously part of the Würth Wood […]

Amazon.com Inc. (Nasdaq: AMZN), Seattle, this week announced plans to open its first fulfillment center in the state of Louisiana in Carencro, outside Lafayette. The new, 1 million-square-foot fulfillment center, which is anticipated to launch in 2021, will create over 500 new, full-time jobs. “We are thrilled to be opening our first fulfillment center in […]

Specialty Building Products LLC — the Duluth, Georgia-based parent of U.S. Lumber and other businesses — on Tuesday announced that it has agreed to The Jordan Co. LP acquiring a majority ownership position in SBP from funds affiliated with Madison Dearborn Partners LLC. SBP’s senior management team, including President and CEO Jeff McLendon, will maintain a […]

Real gross domestic product (GDP) increased at an annual rate of 33.4% in the third quarter of 2020, according to the “third” estimate released Tuesday by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4%. The “third” estimate of GDP is based on more complete source data than were available for […]

Amazon.com Inc. (Nasdaq: AMZN), Seattle, on Tuesday announced plans to open two new fulfillment centers and a new delivery station in San Antonio, Texas. The new operations facilities will together create over 1,500 new full-time jobs. The facilities will open in 2021 and 2022. “We’re thrilled to be able to continue our growth throughout the San Antonio area,” […]

Ohio Transmission Corporation (OTC), Columbus, Ohio, on Tuesday announced the acquisition of JCI Industries, a provider of pumps, motors, controls, field service and remanufacturing to commercial, industrial and environmental customers throughout the Midwest. Financial terms of the deal weren’t disclosed. Headquartered in Lee’s Summit, Missouri (outside Kansas City), JCI Industries employs 150 and operates seven sales and field service […]

Bell, California-based Individual FoodService (IFS) — a portfolio company of the private equity firm Kelso & Co. and a distributor of foodservice disposables and JanSan products — has announced that it will merge with Brady Industries, a Las Vegas-based JanSan distributor. Financial terms of the deal were not disclosed. According to the companies, “the combination of Brady […]

Brady Industries, a Las Vegas-based full-line janitorial supply, equipment and foodservice distributor, on Monday announced the acquisition of Kerr Paper & Supply in Little Rock, Arkansas. Kerr Paper & Supply is a JanSan distributor that serves central and northwest Arkansas. Barry Kerr will lead the team through the transition and will stay on as management […]

Led by slower growth in employment- and production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.27 in November from +1.01 in October. Three of the four broad categories of indicators used to construct the index made positive contributions in November, but all four categories decreased from October. The index’s three-month moving average, […]

Beacon Roofing Supply Inc., Herndon, Virginia, on Monday announced it has agreed to sell its interior products business — consisting of 81 branch locations where it distributes a variety of construction products to both residential and commercial contractors — to affiliates of the private equity firm American Securities LLC for $850 million. The transaction expected […]

Private equity firm Odyssey Investment Partners on Monday announced it has agreed to acquire PPE and industrial safety product supplier Protective Industrial Products Inc. (PIP) from Audax Private Equity. Financial terms of the deal weren’t disclosed. Founded in 1984 and headquartered in Latham, New York, PIP was acquired by Audax in February 2018. Joe Milot, […]

Enerpac Tool Group Corp. (NYSE: EPAC), Milwaukee, Wisconsin, on Monday announced revenue for its fiscal first quarter ended November 30 of $119.4 million, an 18.6% decline from the same quarter a year ago. Profit of $4.8 million marked a 25% decrease. “Looking ahead, we are seeing improved confidence in some of our end markets as […]

Swedish manufacturer Atlas Copco has obtained all regulatory approvals and completed the $60.8 million acquisition of Perceptron that was announced in September 28. Perceptron is a Plymouth, Michigan-based supplier of automated metrology solutions that employs around 300. In the fiscal year 2020 Perceptron had revenues of $62.3 million. The company will become part of Atlas […]

Family-owned industrial distributor Turner Supply, Mobile, Alabama, this month is celebrating its 115th birthday. Founded in 1905 by W. Marshall Turner, Turner Supply was based on two important business principles — “to deliver only the highest quality products from the best manufacturers with cost efficiency, and to seamlessly adapt the product offering to customer’s needs.” […]